Lmst

Here's a deeply nerdy talk I gave about sending lidar data over webRTC data channels using 5g.

https://www.youtube.com/watch?v=wpHojBJ6nLI&list=PLDaEs5k2Xy-u-vwyKswF2viDuROt9yNiM&index=8

#SCTP 26: People argue that more fiat is used in crime than #crypto, but this is misleading. Fiat has tons of legit uses. Crypto does not, and as a percentage of criminal activity #cryptocurrency is more crime-adjacent.

Stupid Crypto Talking Point #26 (fiat crime/ponzi)
"Banks commit fraud too!" / "Stocks are a ponzi also!" / "More fiat is used for crime than Crypto!” /
"Fiat isn't backed by anything either!"

#sctp 25: #crypto bros will often create distractions when debating about #blockchain by suggesting its critics are jealous

#bitcoin #factcheck #tech #finance #fintech #technology #debate

#sctp 19: #crypto bros often claim #bitcoin is the "world's strongest network" - This is an illusion based on metrics that really have little to do with overall strength or security

#blockchain #tech #finance #fintech #factcheck

#SCTP 18 - I've consolidated the previous #18 talking point with another one and used that slot to address another issue: Is #bitcoin really "the most secure network?"

#SCTP 24: Crypto bros love to suggest that an elite cabal controls all finance. Their solution? Let an even less competent, more elite cabal control it instead!

#bitcoin #crypto #talkingpoints #fintech

#SCTP 23: In the #crypto world, usually the best "evidence" people have are personal, un-proven anecdotes about gains, that in all likelihood are fabrications.

#bitcoin #blockchain #fraud #scams

#SCTP 30: "#bitcoin has failed tons of times - aren't you tired of being wrong about #crypto & #blockchain? Nope, because everything we've said about how crypto is useless is still true.

#SCTP 19 - Pretending #bitcoin's "hashrate" is a sign of security

One metric that has been increasing lately is the amount of people mining bitcoin. The end result of this isn't "increased security" like proponents say, but instead, significantly more wastage of energy. It's one of the #crypto industry's many totally useless metrics

#SCTP 18: "#blockchain has potential"

16 years later they're still pretending at some point they'll find a valid "use case" for #crypto. Meanwhile it could disappear tomorrow and nobody except criminals and scammers and degen gamblers would even notice.

#SCTP 17: "#crypto is like stocks"

In an effort garner credibility through association, or to suggest it's not any worse, crypto is often erroneously compared to traditional markets.

#SCTP 16: "#Bitcoin is different"

As more and more crypto projects reveal they're nothing more than scams, bitcoin bros continue their desperate argument that "#crypto is not bitcoin" and that somehow their ponzi is not a ponzi like the others. This isn't true. All these token schemes are 99.9% the same.

#SCTP 15: "It's still early"

#crypto bros have been saying now for 16 years that "#bitcoin is like the Internet" and it "has potential" but still can't point to a single useful thing it does for normal people. It's as old as the iPhone, but look how far the iPhone has come?

#SCTP 13: "Fiat has no intrinsic value either"

When #crypto bros are made aware that #bitcoin has no intrinsic value, they point to fiat and say it's the same, but it really isn't in some fundamental ways.

Stupid Crypto Talking Point #13 (Fiat)
"Fiat isn't backed with anything” / Money has no intrinsic value either

1. This is called a Tu Quoque Fallacy, aka "Whataboutism", "Two Wrongs Make A Right" or
"Appeal to Hypocrisy" - it's a distraction from the core argument. Just because you can find
something you think is similar/wrong that doesn't mean your alternative system is an
acceptable substitute.

2. Fiat may not have any intrinsic value, but it's backed by the full force and faith of the
government (or in the case of the EU, multiple countries). It's also mandated by law to be
accepted for all payments and debts, public and private. And the entity that guarantees the
integrity of money is the same centralized entity that gives you stuff like:

« running water, roads, fire protection, schools, libraries, bridges, flood protection, electricity,
internet, cellular, GPS, and pretty important things like civil rights and private property
ownership.

If you are worried that the government is going to collapse and make fiat worthless, note that
at the same time you will also lose protection for your civil rights, property ownership and
critical utilities like electricity and Internet upon which crypto depends - none of which would
exist without substantive government support.

#SCTP 11: Debunking the #myth that #crypto helps "Bank the un-banked"

This is particularly important today as the administration has phony discussions about #debanking and how #bitcoin is supposed to fix that, which is totally false.

#factchecking #banking #btc #cryptoReality

Debunking the myth that crypto helps "bank the un-banked" - more details can be found at https://ioradio.org/

#SCTP 10: Is #Bitcoin "digital gold?"

One of the most important counter-arguments against #crypto and its foolish notion that an intangible digital abstraction should be compared to #gold. Do #cryptocurrencies make good #investments? NO and here's why:

#investing #factchecking #cryptoReality

#SCTP 9: Arbitrary Claims

#Crypto Bros LOVE to just make things up. They're also prolific at taking traditional words and creating their own weird definitions as they apply to crypto. It's all meaningless and is another form of #Gaslighting

#bitcoin #blockchain #btc #fintech #wisdom #finance #tech #cryptoReality

#SCTP 8: One of the most common #crypto bro arguments is "so-and-so is using/endorsing/looking into #blockchain" and that's a sign of "success."

In reality, this is a distraction from the long history of failed adoptions of blockchain, and ignorance of the fact that for-profit companies will embrace anything they think will make a buck, and abandon it the moment it doesn't.

#btc #finance #tech #factchecking

#SCTP 6: The argument that #crypto is great for #remittances and helps #bank the #unbanked. A totally false premise that was debunked in my doc at https://www.youtube.com/watch?v=tspGVbmMmVA&t=4118s

#cryptocurrency #blockchain #scam #factchecking #finance #tech #ponzi

#SCTP 6: #Government

#Crypto bros love to talk about how evil government is, nevermind it provides virtually everything that makes their modern life safe and comfortable. That #irony is totally lost on them.

#cryptocurrency #blockchain #scams #cryptoReality

#SCTP

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